Mr. Wade Dawe reports

TORRENT CAPITAL REPORTS FINAL Q2 2026 FINANCIAL RESULTS AND NET ASSET VALUE

Torrent Capital Ltd. has released its final unaudited financial results for the second quarter ended June 30, 2026. The company reported net and comprehensive income of $4.7-million, or 12 cents per share, for the second quarter. At June 30, 2026, the company's net asset value (NAV) was $33.1-million, or 87 cents per share, compared with $28.3-million, or 74 cents per share, at March 31, 2026.

Q2 2026 financial highlights (unaudited)

• Net and comprehensive income: $4.7-million, equivalent to 12 cents per share, compared with $2.4-million or six cents per share in Q2 2025;
• Realized investment gains: $4.1-million in net realized gains, equivalent to 11 cents per share;
• Net asset value: $33.1-million or 87 cents per share, compared with $28.3-million or 74 cents per share at March 31, 2026, and $28.7-million or 75 cents per share at June 30, 2025;
• Cash and cash equivalents: $6.9-million at June 30, 2026, compared with $700,000 at March 31, 2026, and $1.7-million at Dec. 31, 2025;
• Performance drivers: A rebound in equity markets, supported by improved investor sentiment toward growth-oriented and technology-related sectors resulted in realized and unrealized gains across the investment portfolio. Following the announcement of its proposed acquisition, Kneat.com Inc., a core holding, increased in value, and contributed to the company's realized investment gains during the quarter.

"We are pleased with Torrent's strong second-quarter performance and the positive momentum building across our portfolio," said Wade Dawe, chief executive officer of Torrent Capital. "The exit from one of our largest holdings increases our liquidity and provides flexibility as we work to identify new investment opportunities."

NAV per share and realized investment gains per share are calculated based on common shares outstanding at the applicable reporting dates. Earnings per share is calculated using the weighted average number of common shares outstanding during the applicable period.

Cautionary note on financial results

The financial figures presented in this release are derived from the company's unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2026. Readers are advised to review the company's unaudited condensed interim consolidated financial statements and management's discussion and analysis (MD&A), which have been filed on SEDAR+.

About Torrent Capital Ltd.

Torrent Capital is a publicly traded Investment Issuer that actively manages a portfolio of public equities and private investments. The company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. Torrent offers investors the potential to earn above-market returns while providing transparency, daily liquidity and a modest fee profile compared with competing investment products.

We seek Safe Harbor.